Match the terms to their correct definitions. 1. Adjusted balance
accounts are set up to save for specific purchases
2. ATM Automatic (or Automated) Teller Machine
an estate, or other property or money, given to a person or institution to manage
3. Bond
balance after adding the outstanding deposits and subtracts the outstanding checks to the balance on the statement
4. Certificates of deposit (CDs)
interest figured on the amount of money in the savings account plus the amount of interest already earned
5. Checking account
account allows you to write an instruction to the bank, as a check, to make a payment from that account
6. Club account
document that specifies how one desires his estate to be distributed upon his death
7. Compound interest
permits the customer to make transactions by using a special computer terminal
8. Debit card
the annual interest ÷ cost
9. Dividend
investment instrument in which you purchase a part of a collection of investments
10. Estate planning
interest figured only on the amount of money in the savings account
11. Interest
planning for the distribution of one's estate after death
12. Intestate
a share of money earned as profits by a company and distributed to its stockholders
13. Investment
the fee a bank pays you to keep your money
14. Living trust
without a will
15. Mutual fund
a share in the ownership of a company
16. Simple interest
can be used like a credit card, but money is deducted directly from bank account
17. Stocks
a trust established while the owner of the trust is still alive
18. Trust
like loaning money to the company for interest
19. Will
a commitment of money in order to gain a financial return
20. Yield
a sum on deposit usually for a given period of time at a fixed interest rate